Between the prices of $490 and $750 and since last summer they have planned this game. The Average Price is $100 for over $8 Billion in Call Premium Collected.
Did you really expect Wall Street Crooks not to keep over $8 Billion in Call Option Premium all for themselves? Sell the Call Options and Control the Price. It's a win win for them.
Now they also get to keep those shares for the runup after earnings and all of you option gamblers are broke.
Well I've made (small) money on trading call options while the stock has been dropping. It becomes a great day trade if your careful and not greedy. But I have of course lost a great deal on the value of my shares since the high. So unless you can sell naked calls, you are making money on dead premiums to merely offset the losses on your share decrease. Still I think you're probably right about the MMs. But remember, those same crushing defeats to which you refer on lost call premiums coming down are available going up. My strategy will be to trade calls up as I did down and sell calls against shares for weekly income. It works pretty well.
I heard this theory, but it doesn`t seem to me right.
Those people bought the options why they would wait till expiration? Majority of them exited along the way, near the top, or exited in the massive sell-of since Nov.
Another concern is how big guys manipulate the stock? If they want to hammer it down, and keep it on 500 meanwhile everybody is buying according this theory, in order to do so they have one tool: to sell their own stock in large amounts. Why would they sell it on 500 to keep it on 500 when they exactly knew the stock going to fall from 700? Why didn`t they all exited at 700?
I`m confused man :)
Have you not paid attention to what happens every Friday when weekly options expire?
When you pay analysts to come out every Friday morning with downgrades and whenever the stock starts to run you pay the Wall Strret Journal to write a false story. Or you telll your friends at CNBC you cant afford to lose billions of dollars can you help scare investors.
They are changing the value of the company by $20 Billion per day. Do you really think a companies value goes up or down $20 Billion in a day?
SEC Demands Hedge Funds to return value to shareholders or SPEND YOUR LIFE IN PRISON. They have 60 days to return the billions stolen from retail shareholders or spend their lives as Bernie's cell mate.
SEC doesn't care that Billions was stolen from retail option gamblers. If you are buying options instead of buying the stock you are the reason for massive sell offs. Gambling on options gives the hedge funds the ammuntion they needed to wipe out $200 per share in 3 months.
Will be pinned at either $500 or $505 till Close Friday. More likely $500. Sorry it's the way the game has worked for 7 weeks. After Friday you can have your stock back and it will climb and everything will be right with the world.